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Hyundai recalls more than 200,000 Elantras over steering problem  

WASHINGTON, Feb 28 (Reuters) - Hyundai Corp is recalling 204,768 Elantras because of a power steering defect that might cause the cars to suddenly revert to manual steering, the company said Saturday in a report filed with U.S. auto safety regulators. The recall affects four-door Elantra sedans produced from June 1, 2008, to April 30, 2010, and 2009-10 model Elantra Touring hatchbacks, Hyundai said in a report on the National Highway Traffic Safety Administration website. It said the defect might affect an estimated 3 percent of those cars....More
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MEDIA-Tesla Motors nearly doubled staff In 2014 -WSJ  

-- Source link: (http://on.wsj.com/1DDx582) -- Note: Reuters has not verified this story and does not vouch for its accuracy...More
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German car parts supplier Hella eyes takeovers -paper  

FRANKFURT, Feb 28 (Reuters) - Hella, a German manufacturer of auto headlights and electronics, is considering buying small to medium sized companies to expand internationally, its chief executive told a German newspaper. "We are looking especially in the areas of electronics, spare parts distribution and specialist applications to widen our technology spectrum and strengthen our international presence," Rolf Breidenbach told Welt am Sonntag newspaper in an interview released ahead of publication on Sunday....More
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Brazil probe of dictatorship period not satisfied by Volkswagen testimony  

By Brian Winter SAO PAULO, Feb 27 (Reuters) - The leader of a truth commission investigating abuses during Brazil's 1964-85 military dictatorship lambasted German automaker Volkswagen AG at a hearing on Friday for providing what he called "unsatisfactory" testimony regarding its alleged ties with the regime....More
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Brazil and Mexico still without auto pact, talks to continue  

MEXICO CITY, Feb 27 (Reuters) - After two days of negotiations, Mexico and Brazil have still not reached an agreement on an auto pact and will continue discussions in the second week of March, the Mexican government said on Friday. The accord, signed in 2012, limits the export of vehicles from Mexico to Brazil. While sources have told Reuters that Brazil wants to extend the quota for three to five more years, Mexico wants to move forward with the free trade of vehicles when the pact expires on March 19....More
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What to Watch in the Week Ahead and on Monday, Mar. 2  

(The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at . Thomson One users can register at RT/DAY/US. All times in ET/GMT) WEEK AHEAD...More
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Motor racing-Button buoyed by McLaren progress  

By Alan Baldwin BARCELONA, Feb 27 (Reuters) - Jenson Button saw signs of real progress at McLaren on Friday after a day's work where he completed 101 laps of the Circuit de Catalunya in Formula One testing. "Wow, we have something to talk about. I'm sorry I'm late but I had a really long debrief with the engineers," he said, grinning to a crowd of reporters who had waited for him to appear in the team hospitality tent....More
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Motor racing-Rosberg shows Mercedes' true pace in testing  

By Alan Baldwin BARCELONA, Feb 27 (Reuters) - Mercedes gave their rivals a morale-sapping glimpse of their true pace in Formula One testing on Friday with Nico Rosberg lapping more than a second quicker than anyone else. After days spent pounding around on long runs with the slower medium tyres, the champions changed their focus and sent Rosberg out on softs for the first time in this year's winter testing....More
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BRIEF-Goodyear Lastikleri FY 2014 revenue slightly up 1.14 billion lira  

Feb 27 (Reuters) - Goodyear Lastikleri : * FY 2014 revenue of 1.14 billion lira ($454.36 million) versus 1.10 billion lira year ago * FY 2014 net profit of 47.3 million lira versus 68.7 million lira year ago * FY 2014 cash flow from operating activities 90.2 million lira versus 108.8 million lira year ago Source text for Eikon: Further company coverage: ($1 = 2.5090 liras) (Gdynia Newsroom)...More
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Porsche SE says sees 2014 profit after tax of 3 bln eur  

FRANKFURT, Feb 27 (Reuters) - Porsche Automobil Holding SE on Friday said the rising value of its stake in auto maker Volkswagen helped lift after tax earnings for 2014 to 3 billion euros ($3.36 billion). Porsche Automobil Holding SE, which controls a 50.73 percent voting stake in Volkswagen, had previously expected an after tax profit of between 2.2 billion euros and 2.7 billion euros....More
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